Business news

GE has completed its acquisition of Cameron’s Reciprocating Compression division.

A new report released by the International Energy Agency says that the world needs US$ 48 trillion in investment to meet its energy needs to 2035.

According to SOCAR officials, Total and E.ON are planning to withdraw from the Trans Adriatic pipeline (TAP) project, which is set to transport gas from Azerbaijan's Shah Deniz II field.

Wood Group Kenny awarded major subsea contract for stage 2 of Shah Deniz development.

Swiber has clinched an engineering, procurement, installation and construction contract in Latin America for subsea development work.

PD&MS Energy has secured a major five-year North Sea contract extension with CNR International.

American Petroleum Institute President and CEO addresses the Alaska Oil and Gas Association

Oceaneering International, Inc. has announced it has acquired AIRSIS Inc., a provider of remote asset management software services.

NEB releases expectations for oil and gas industry on improving safety culture.

Orion Group last week sent a delegation to Canada to support ongoing business links and growth in the country.

Marathon Oil Corporation announces US$ 2.7 billion sale of Norway business to Det norske.

Magellan Midstream Partners, L.P. recorded an operating profit of US$ 275.1 million in Q1 2014, an increase of 93% compared to US$ 142.5 million in Q1 2013.

Abakan has increased its direct ownership in MesoCoat to 87.5% through a conversion of investment and partial exchange of Powdermet interest.

An abundance of new (and growing) resources means Canada is on the threshold of becoming a world-class producer of energy. But, as Gordon Cope explains, it will need pipelines, and plenty of them, to get there.

An abundance of new (and growing) resources means Canada is on the threshold of becoming a world-class producer of energy. But, as Gordon Cope explains, it will need pipelines, and plenty of them, to get there.